Q1. You want to define an allocation rule where segment values are constants for rules and formulas. What should you do?
A. Specify Run Time Prompts (RTP).
B. Always use the Outer Point of View (POV).
C. Never use the Outer Point of View (POV).
D. Only specify segment values in formulas.
Answer: D
Q2. You are implementing Segment Value Security rules. Which two statements are true?
A. You can use hierarchies to define rules.
B. The Segment Value Security rules do not take effect until you assign the rules to users and products.
C. When you enable Segment Value Security on a segment, users will not be able to access any values until you grant access to users and products.
D. When you enable or disable Segment Value Security, you do not need to redeploy your chart of accounts.
Answer: A,C
Explanation:
https://docs.oracle.com/cloud/farel8/financialscs_gs/FACSF/F1004387AN145CC.htm
Q3. The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times.
Which journal attribute should you use to set the automatic posting criteria?
A. Journal Category
B. Journal Source
C. Journal Batch
D. Journal Description
Answer: C
Q4. In which two ways can your users customize the Dashboards and Work Areas to suit their individual working styles?
A. They can format each table by hiding and showing columns, moving columns, and resizing columns.
B. They can use Personalization to move and remove regions from those pages.
C. Users have very little control customizing their Dashboards and Work Areas; they can only resize columns.
D. They can have the System Administration customize pages for them using Page Composer.
Answer: C
Q5. You want to enter budget data in Fusion General Ledger. Which method is not supported?
A. Smart View
B. Application Development Framework Desktop Integration (ADFdi)
C. File-based Data Import
D. Entering budget Journals
Answer: D
Explantion: Reference: http://docs.oracle.com/cd/E28271_01/fusionapps.1111/e20384/glossary.htm
Q6. You want to prevent intercompany transactions from being entered during the last day of
the close.
What should you do?
A. Close all subledger periods.
B. Close Intercompany periods in Fusion Intercompany.
C. Freeze the Intercompany Journal source in General Ledger.
D. Close the General Ledger period in the Manage Accounting Periods page.
Answer: B
Q7. You want to specify Intercompany System Options. Which three factors should you consider?
A. Whether to enforce an enterprise-wide currency or allow in intercompany transactions in local currencies
B. Whether to allow receivers to reject intercompany transactions
C. Automatic or manual batch numbering and the minimum transaction amount
D. Automatic or manual batch numbering and the maximum transaction amount
E. The approvers who will approve intercompany transactions
Answer: A,B,D
Q8. You are implementing Fusion Accounting Hub for your external Accounts Receivables system. The external system sends invoices billed and cash receipts in a flat file, along with the customer classification information. You want the accounting amounts to be tracked by customers too but you do not want to add a Customer segment to your chart of accounts.
What is the solution?
A. Use the Open Account Balances Listing report that has balances by customer.
B. Use the Third Party Control Account feature.
C. Use Supporting References to capture customer classification information.
D. Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).
Answer: C
Q9. You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding of the financial results.
What’s the most efficient way to achieve this?
A. When viewing the report, download to Excel and use Excel's Charting features to create your bar graph.
B. When designing your financial statement using Financial Report (FR), embed a chart into your report
C. Use Account Inspector that automatically creates graphs on financial balances.
D. Use Smart View, which is and Excel Add-on
Answer: C
Explanation:
Reference: https://docs.oracle.com/cd/E37017_01/doc.1115/e22893/F479559AN10590.htm
Q10. Your customer has many eliminating entries to eliminate intercompany balances. The General Ledge does not include a purpose-built Consolidation feature.
How would you automate the process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management?
A. Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period.
B. Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period.
C. There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management.
D. Create a manual journal that includes the eliminating entries, and then create a copy of the Journal batch every period.
Answer: C